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The Strange Experience of Being Australia’s First Tech Billionaires

In a country where wealth usually comes from mining or banking, Scott Farquhar and Mike Cannon-Brookes of Atlassian are a new kind of mogul. And they’re getting into politics.

Source: NYT > Business | 18 Feb 2019 | 11:35 am(NZT)

Famed Cullinan mine banks on big diamonds to drive down debt

The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.

Source: Reuters: Business News | 18 Feb 2019 | 11:19 am(NZT)

Alabama jury awards $152 million in Ford Explorer rollover case

An Alabama jury awarded $151.8 million to a young man paralyzed in 2015 rollover accident involving a Ford Explorer sport utility vehicle, Ford and lawyers in the case said on Sunday.

Source: Reuters: Business News | 18 Feb 2019 | 9:41 am(NZT)

Porsche warns UK customers of Brexit price rise

The German carmaker asks new UK customers to agree a possible 10% price rise for post-Brexit deliveries.

Source: BBC News - Business | 18 Feb 2019 | 8:48 am(NZT)

Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source

Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.

Source: Reuters: Business News | 18 Feb 2019 | 8:12 am(NZT)



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Brexit: For Wall Street Banks in London, It’s Moving Time

One thing is clear about the legacy of Brexit: Financial services will be spread across Europe, with no one city again dominating the financial arena as London has.

Source: NYT > Business | 18 Feb 2019 | 7:16 am(NZT)

Qatar aims to build $20 billion sports sector ahead of World Cup

Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official said on Sunday.

Source: Reuters: Business News | 18 Feb 2019 | 2:59 am(NZT)

Airbus warns of no-deal Brexit, says has spent tens of millions preparing

Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.

Source: Reuters: Business News | 18 Feb 2019 | 2:30 am(NZT)

Passengers seek flights after Flybmi ceases operations

Travellers tell the BBC they cannot get home after the UK regional airline went into administration.

Source: BBC News - Business | 18 Feb 2019 | 2:28 am(NZT)

Qatar's real estate market faces reality check ahead of World Cup

Qatar's Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty.

Source: Reuters: Business News | 17 Feb 2019 | 6:50 pm(NZT)



The Instant, Custom, Connected Future of Medical Devices

3D-printed and “smart” pharmaceuticals are making medical treatments more effective. But it may take years before the new devices reach most patients, if they do at all.

Source: NYT > Business | 17 Feb 2019 | 5:44 pm(NZT)

Pension contribution hike to hit pay packets

The potential impact on workers with auto-enrolled pensions is "quite substantial", says an expert.

Source: BBC News - Business | 17 Feb 2019 | 4:59 pm(NZT)

Nissan panel to recommend outside director to chair board: Nikkei

A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday.

Source: Reuters: Business News | 17 Feb 2019 | 4:14 pm(NZT)

How Lidl learnt to be less German in the UK

Ronny Gottschlich, the former boss of Lidl, explains how the German discounter grew in the UK.

Source: BBC News - Business | 17 Feb 2019 | 2:14 pm(NZT)

Quadriga: The cryptocurrency exchange that lost $135m

When Quadriga's founder died he left behind a mystery: what happened to millions in cryptocurrency?

Source: BBC News - Business | 17 Feb 2019 | 1:41 pm(NZT)

Payless Shoes to Shut All U.S. Stores and Wind Down Online Operation

The once-popular seller of inexpensive women’s footwear was a staple in many suburban shopping malls. But it struggled to stay relevant.

Source: NYT > Business | 17 Feb 2019 | 12:47 pm(NZT)

Chancellor Philip Hammond's visit to China not going ahead

It comes amid reports a speech by the UK's defence secretary has caused upset in China.

Source: BBC News - Business | 17 Feb 2019 | 9:54 am(NZT)

Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi

Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada.

Source: Reuters: Business News | 17 Feb 2019 | 8:48 am(NZT)



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With Interest: The Week in Business: Amazon Breaks Up With New York, and Warren Buffett Takes Stock

Plus, tax season brings bad news, and the Fed offers more clues about its change of heart.

Source: NYT > Business | 17 Feb 2019 | 7:51 am(NZT)

In Amazon Fight, Progressives Showed What They Want: A New Economic Agenda

The clash has consequences beyond New York, going to the heart of a national debate likely to dominate the 2020 election: What is the best way to spread prosperity?

Source: NYT > Business | 17 Feb 2019 | 5:43 am(NZT)

For Some 2020 Democrats, Rejection of Amazon Aligns With Liberal Policy Views

Candidates like Elizabeth Warren and Bernie Sanders were quick to praise New Yorkers who rebelled at the idea of giving tax breaks to a huge corporation.

Source: NYT > Business | 17 Feb 2019 | 5:03 am(NZT)

Russian court extends custody of Baring Vostok's Calvey until April

A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.

Source: Reuters: Business News | 17 Feb 2019 | 4:29 am(NZT)

A Man in Florida Mistakenly Received a $980,000 Tax Refund, and Officials Say He Tried to Keep It

An incorrect tax return led to a huge check for a 29-year-old resident of Tampa, Fla., according to a forfeiture complaint filed by the federal government.

Source: NYT > Business | 17 Feb 2019 | 2:56 am(NZT)

Russian court orders Baring Vostok's Calvey to be kept in custody until April 13

A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13.

Source: Reuters: Business News | 17 Feb 2019 | 2:09 am(NZT)

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.

Source: Reuters: Business News | 17 Feb 2019 | 1:35 am(NZT)

Watch Out. Tax Season Is Even More Stressful Than Usual.

With millions of people filing tax returns under a new tax law and after a long government shutdown, this is a challenging year. We offer survival tips and extensive coverage.

Source: NYT > Business | 16 Feb 2019 | 11:00 pm(NZT)

A Mother Learns the Identity of Her Child’s Grandmother. A Sperm Bank Threatens to Sue.

The results of a consumer genetic test identified the mother of the man whose donated sperm was used to conceive Danielle Teuscher’s daughter. Legal warnings soon followed.

Source: NYT > Business | 16 Feb 2019 | 11:00 pm(NZT)

HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing

Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission.

Source: Reuters: Business News | 16 Feb 2019 | 9:34 pm(NZT)

U.S. Airlines to Offer New Gender Options for Non-Binary Passengers

American, Delta and United are among the carriers planning to allow passengers to choose something other than ‘male’ or ‘female’ when buying their tickets.

Source: NYT > Business | 16 Feb 2019 | 8:20 pm(NZT)

As Uber Prepares for I.P.O., Its Losses Pile Up

The ride-hailing giant said that excluding certain costs, its losses increased significantly in the fourth quarter of 2018.

Source: NYT > Business | 16 Feb 2019 | 6:14 pm(NZT)

'Killer car seats' sold online for £8

The illegal car seats have appeared for sale online, although sites say listings have been deleted.

Source: BBC News - Business | 16 Feb 2019 | 1:42 pm(NZT)

The community that rejected Amazon

Amazon's plans for a campus in Long Island City bitterly divided a community grappling with rapid change.

Source: BBC News - Business | 16 Feb 2019 | 12:08 pm(NZT)

Brumadinho dam collapse: Eight arrests at Brazil's Vale

Employees at mining giant Vale are arrested amid a criminal probe into the dam break that killed 166.

Source: BBC News - Business | 16 Feb 2019 | 8:54 am(NZT)

Private probation firms in Wales and south west in administration

Unions say they had warned about the "disastrous privatisation programme" four years ago.

Source: BBC News - Business | 16 Feb 2019 | 4:22 am(NZT)

Vogue Brazil exec quits over 'slave party' criticism

Fashion Director Donata Meirelles has been criticised for party photos said to "evoke slavery."

Source: BBC News - Business | 16 Feb 2019 | 2:53 am(NZT)

RBS warns of Brexit harm as profits double

Profits jump at the bank, but it warns the economy faces a heightened level of Brexit uncertainty.

Source: BBC News - Business | 16 Feb 2019 | 1:53 am(NZT)















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